Oct 5, 2012 1:00am PDT
thing that could push gold prices above $2,000 an ounce this year is if president obama is re-elected. the thinking-- the president will keep bernanke employed, which means interest rates stay very, very low. suzanne pratt, nbr, new york. >> tom: stocks moved higher ahead of tomorrow's report on the september job market. the s&p 500 really gained momentum just after 10:00 a.m. eastern time after the commerce department released its report on september factory orders. while total orders were down, it wasn't as bad as feared. the index finished higher by seven tenths of a percent. trading volume held steady on the big board-- 672 million shares. it was just under 1.6 billion on the nasdaq. financials and materials were two strongest stock sectors, up 1.5% and 1.3%, respectiv y. the energy sector recovered some of what it had lost earlier this week, rebounding 1%. bank of america and j.p. morgan were among those financial stocks fueling the gains and helping move the dow jones industrial average to its best gain in three weeks. bank of america gained 3.3% on heavy volume. this is b-of-a'
Oct 5, 2012 6:30pm EDT
was front and center on the campaign trail as both president obama and governor romney visited virginia. >> reporter: the jobs report took away one of governor romney's signature stump speech about how long the unemployment rate has been above eight percent. >> the reason its come down this year is because more and more people have just stopped looking for work. >> tom: today's report actually showed people returned to the labor force in september. it's the first time since last october the unemployment rate fell while more people entered in the workforce. >> but today's news certainly is not an excuse to try to talk down the economy and score a few political points. it's a reminder that this country has come too far to turn back now. >> tom: only one more monthly job report remains before election day. and with such high stakes, former general electric c.e.o. jack welch stirred up controversy with this comment on twitter, accusing president obama's re-election campaign of essentially manipulating the report. - quote - unbelievable jobs numbers...these chicago guys will do anyt